Economy

Aug 11, 2017

Is the Oz faring as well as News Corp would have you believe?

While recently lauded for the economic miracle of achieving higher revenue, the reality of The Australian, and other News Corp mastheads, is not as optimistic as it may seem.

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

Murdoch’s The Australian — along with The Times in London and The Wall Street Journal in New York — has been proclaimed a glittering jewel, at this morning’s post-results analysts briefing. It received lavish praise from CEO, Robert Thomson and Chief Financial Officer, Susan Panuccio (an old News Corp Australia hand) for achieving an industry rarity: higher revenue and higher earnings before interest, tax, depreciation and amortisation (EBITDA), and higher digital subscriptions. A boon at a time of gloom and doom in the print business. We can’t wait for the self congratulatory pats on the back from Australia’s home of right wing lunacy.

2 comments

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2 thoughts on “Is the Oz faring as well as News Corp would have you believe?

  1. Bill Hilliger

    Do people still read and pay for NewsCrap publications? Nobody seems to take the free newspapers at airport departure lounges. The cleaners are complaining about the amount of newspapers that have to be taken to the incinerators.

  2. AR

    I’ve heard that the Hun, south of the border, down Mexico wayyy, sells because it has lots of sport.
    Why those able to read words of more than two syllables would read the Oz shitsheet at all is beyond my understanding.
    But to think that people actually pay extra to read any mudorc garbage on-line strains credulity.

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